IG goes long on office rent

I see that my (old) story about spread betters IG Group moving into the City has been picked up (again) by the press.

I didn't think it was that good a tale when I wrote about it in November, but to be fair to this current incarnation it finds an original angle by congratulating the group for securing a deal of under £20 per square foot.

But was it really such a tough negotiation? Not really. In fact, IG outbid another City firm which thought it had secured the offices at an even lower rent.